Shariah Investing, Performance with Principles
A taxi driver asked his imam, can I invest in Apple? The imam said yes because he observed that the security had little debt. While the taxi driver may be enjoying his returns, there is actually a process to determine how a security can be shariah compliant.
Since 1999, when the Dow Jones Islamic Market Index was launched and the year in the making the fatwa accompanied it, scholars were responding to the growing enquiries of Muslims wanting to invest and having the ability to do so.
Now with technology easing our access to securities all over the world, how does the Muslim on the street start growing his money? What about positive screening practices in response to environmental concerns? Can these process be applied to other investment classes?
All that and more in the 7th episode of More Than Just Money with Ustaz Kamal Mokhtar, Shariah Investing, Performance with Principles ,